Cisco Systems, Inc. $CSCO Shares Bought by Stratos Wealth Partners LTD.

Key Points

• Stratos Wealth Partners LTD. increased its stake in Cisco Systems by 4.9%, acquiring a total of 116,502 shares worth approximately $8.08 million.
• Several hedge funds have also made significant moves, with Private Trust Co. NA boosting its position by 11% and Nordea Investment Management AB acquiring 378,494 shares, increasing their holdings to over $1.47 billion.
• Cisco recently reported strong earnings with a 7.6% increase in revenue year-over-year, and its stock currently has a consensus rating of "Moderate Buy" with an average price target of $74.72.

Stratos Wealth Partners LTD. boosted its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO - Free Report) by 4.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,502 shares of the network equipment provider's stock after buying an additional 5,467 shares during the period. Stratos Wealth Partners LTD.'s holdings in Cisco Systems were worth $8,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Private Trust Co. NA increased its position in Cisco Systems by 11.0% during the 2nd quarter. Private Trust Co. NA now owns 54,326 shares of the network equipment provider's stock valued at $3,769,000 after buying an additional 5,402 shares in the last quarter. Vectors Research Management LLC increased its position in Cisco Systems by 7.6% during the 2nd quarter. Vectors Research Management LLC now owns 45,959 shares of the network equipment provider's stock valued at $3,189,000 after buying an additional 3,257 shares in the last quarter. Oxbow Advisors LLC increased its position in Cisco Systems by 8.0% during the 2nd quarter. Oxbow Advisors LLC now owns 7,654 shares of the network equipment provider's stock valued at $531,000 after buying an additional 568 shares in the last quarter. Nordea Investment Management AB increased its position in Cisco Systems by 1.8% during the 2nd quarter. Nordea Investment Management AB now owns 21,341,310 shares of the network equipment provider's stock valued at $1,477,992,000 after buying an additional 378,494 shares in the last quarter. Finally, Harbor Asset Planning Inc. acquired a new position in Cisco Systems during the 2nd quarter valued at about $72,000. 73.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CSCO. KeyCorp assumed coverage on Cisco Systems in a research report on Thursday, June 26th. They set an "overweight" rating and a $77.00 target price on the stock. Weiss Ratings reissued a "buy (b-)" rating on shares of Cisco Systems in a report on Wednesday, October 8th. Bank of America increased their price objective on Cisco Systems from $76.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, August 14th. HSBC reissued a "hold" rating and issued a $69.00 price objective on shares of Cisco Systems in a report on Friday, August 15th. Finally, Piper Sandler increased their price objective on Cisco Systems from $64.00 to $70.00 and gave the company a "neutral" rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $74.72.

Cisco Systems Stock Up 1.5%

Cisco Systems stock opened at $70.13 on Friday. The firm has a market cap of $277.24 billion, a price-to-earnings ratio of 26.77, a price-to-earnings-growth ratio of 2.91 and a beta of 0.97. Cisco Systems, Inc. has a 52 week low of $52.11 and a 52 week high of $72.55. The business's 50-day moving average price is $68.20 and its 200 day moving average price is $65.11. The company has a quick ratio of 0.91, a current ratio of 1.00 and a debt-to-equity ratio of 0.49.

Cisco Systems (NASDAQ:CSCO - Get Free Report) last posted its earnings results on Wednesday, August 13th. The network equipment provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. The firm had revenue of $14.67 billion for the quarter, compared to analyst estimates of $14.63 billion. Cisco Systems had a return on equity of 27.06% and a net margin of 18.45%.Cisco Systems's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $0.87 earnings per share. Cisco Systems has set its Q1 2026 guidance at 0.970-0.990 EPS. FY 2026 guidance at 4.000-4.060 EPS. As a group, sell-side analysts anticipate that Cisco Systems, Inc. will post 3.04 earnings per share for the current year.

Cisco Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd will be given a dividend of $0.41 per share. The ex-dividend date is Friday, October 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.3%. Cisco Systems's dividend payout ratio is currently 62.60%.

Insider Activity at Cisco Systems

In other Cisco Systems news, insider Jeetendra I. Patel sold 9,061 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total transaction of $603,462.60. Following the transaction, the insider owned 237,405 shares in the company, valued at approximately $15,811,173. This represents a 3.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Deborah L. Stahlkopf sold 9,783 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $66.60, for a total value of $651,547.80. Following the transaction, the executive vice president owned 161,662 shares in the company, valued at $10,766,689.20. This represents a 5.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,965 shares of company stock valued at $5,559,996 in the last ninety days. 0.01% of the stock is currently owned by company insiders.

About Cisco Systems

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company also offers switching portfolio encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.

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